4 Jan was 180 days from 8 July low and that's the high for the US now. Its a powerful cycle 180 days low to high so now there will be resistance in time weighing the index down starting now although it may take a few days to kick in and of course there are other cycles at work.
There was also a low on 19 September 08 (all seems so long ago now) that would be horizontal resistance at 1133.5. High overnight 1133.87.
And 5/8th of the range down from May 08 high at 1150.20 (fib 1144.78). 3/8 of that range on the way up was a significant high at 956 and pretty much spot on which is why I'm focussed on this range and eigths not fibs.
I know it all looks very bullish but if I take my eye off these important factors I might drop the ball. Don't mind what happens, up or down, so long as I'm not on the wrong side of it.
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